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Commerce Multiple Choice Questions Answers Next GK Commerce Questions 1. The Doing Business Report" is prepared by which of the following organizations every year?

Commerce Multiple Choice Questions Answers

A World Bank B Asian Development Bank ADB C International Monetary Fund IMF D World Trade Organization WTO Answer: Accounting for Intangible Assets are related to— A AS - 10 B AS - 12 C AS - 24 D AS - 26 Answer: Indian Accounting Standard — 28 is related to— A Accounting for taxes on income B Financial Reporting of Interests in Joint Venture C Impairment of Assets D Provisions, Contingent Liabilities and Contingent Assets Answer: Recording of capital contributed by the owner as liability ensures the adherence of principle of— A Consistency B Going concern C Separate entity D Materiality Answer: Bad loans in banking terminology are generally known as— A BPOs B Prime Asset C NPAs D CBS Answer: An association of cement manufacturers is an example of— A Diagonal combination B Vertical combination C Horizontal combination D Lateral combination Answer: The product range is widest in case of— A Chain store B Departmental store C Speciality shop D One price shop Answer: A public corporation is set up— A By a Special Act of Parliament B By a special order of the Government C Under Indian Companies Act, D By none of the above Answer: The minimum number of members required for registration of a cooperative society are— A Two B Seven C Ten D Twenty Answer: Insurable interest must be present at the time of insurance proposal and payment of claims in— A Fire Insurance B Marine Insurance C Life Insurance D Motor Insurance Answer: A machinery is purchased for Rs.

What will be the amount of capital expenditure?

GK Questions and Answers on Computer Science and Information Technology

Which of the following errors are not disclosed by Trial Balance? A Compensatory Errors B Errors of Principle C Errors of Omission D All the three Answer: A large amount spent on special advertisement is— A Capital Expenditure B Revenue Expenditure C Revenue Loss D Deferred Revenue Expenditure Answer: Double Entry System was introduced in— A America B Japan C India D Italy Answer: According to going concern concept a business entity is assumed to have— A A long life B A small life C A very short life D A definite life Answer: Which of the following companies do not have the obligation to get its Articles of Association registered along with the Memorandum of Association?

A Public Company limited by shares B Unlimited companies C Private companies limited by shares D Companies limited by trader le forex avec eur jpy Answer: What comments on automated trading binary option management audit imply?

A Complete audit B Detailed audit C Efficiency audit D Interim audit Answer: Which one of the following statements computer objective questions and answers for competitive exams correct? A Internal audit and Management audit are the same B Internal audit and statutory audit are the same C Internal audit computer objective questions and answers for competitive exams compulsory in all cases D Statutory audit of company accounts is compulsory Answer: Where does an auditor of a cooperative society submit the audit report?

A To the managing committee of the society only B To the Registrar of Cooperative Societies of the State concerned only C To the State Assembly concerned D To the Registrar of Cooperative Societies of the State concerned and a copy to the society Answer: A Audit of an educational institution is compulsory if it is run by a charitable trust B A club is treated as a commercial establishment C The accounts of a charitable trust can be audited by any person who belongs to accountancy profession D Audit of a charitable trust is not compulsory under law Answer: Next GK Commerce Questions Set Commerce Multiple Choice Questions Answers.

Next GK Commerce Questions.

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